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Tag Archives: APRs

America the credit-ful and other things to know this week

Taylor Tompkins

This week’s (un)lucky number is:  16 In a historic Rounding Numbers first, this number is unlucky for multiple reasons. The first reason is 16 percent is the average credit card APR, according to our Weekly Rate Report. Sixteen is also the number…
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Higher Nordstrom credit limit won’t lead me to splurge

John Egan

Yippee! Nordstrom, the high-end retail chain, just bumped up the credit limit on my Nordstrom credit card from $800 to $2,800, a 250 percent hike. However, I don’t know that this is much cause for celebration. Sure, I’m flattered –…
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How much higher can card interest rates go?

Kelly Dilworth
How much higher can card interest rates go?

As average credit card APRs continue to break records, some cardholders may be wondering how much higher credit card interest rates can go. Over the past 10 years, the average APR for new credit card offers has climbed from 13.15…
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Opaque offers make it tough to compare cards

Kelly Dilworth

I recently received an offer for a Premier Rewards Gold charge card from American Express, and despite its $195 annual fee, I nearly applied for it. American Express offered a generous 50,000-point sign-up bonus worth up to $500 if I…
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Meet reverse repo: The new Fed tool to raise your interest rates

Fred Williams

A historic glut of cash in the economy is about to force changes in the way the Federal Reserve controls short-term interest rates — including the variable APRs on credit card balances.
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